Skin Tears Treatment Market

Skin Tears Treatment Market Outlook (2022 to 2029)

The global Skin Tears Treatment Market was valued at USD 433.5 Million in 2021 and is expected to reach USD 569.4 Million by 2029, finds Future Market Insights (FMI) in a recent market survey.

Data Points	Market Insights
Market Value 2021	USD 433.5 Million
Market Value 2022	USD 446.2 Million
Market Value 2029	USD 569.4 Million
CAGR 2022 to 2029	3.5%
Key Players	The key players are 3M Health Care; ACell, Inc.; BSN Medical GmbH (Essity AB); Cardinal Health, Inc.; Coloplast A/S; ConvaTec Group Plc; Covalon Technologies Ltd.; Medline Industries, Inc.; Mölnlycke Health Care AB; Smith and Nephew Plc; Hollister Inc.; Avery Dennison Corporation; Geistlich Pharma AG; Richardson Healthcare Ltd; Stedical Scientific; and Anika Therapeutics, Inc.
Share of Top 5 Countries	50.7%

The growing prevalence of chronic injuries, rising geriatric population, growing inclination towards novel skin tear practices, and increase in the number of steps taken by the government to raise awareness regarding wound care and management are primary factors boosting the growth of the skin tears treatment market. Moreover, the growing number of patients detected with lifestyle-associated disorders leading to chronic wounds like diabetic foot ulcers, venous leg ulcers, and pressure ulcers is expected to drive the market growth further.

Skin Tears Treatment market holds nearly 1.9 % market value share of the USD 23 Billion wound care market in 2021. In addition, increasing awareness among patients and physicians about the benefits related to the adoption of advanced wound care over the current conventional method of handling skin injuries is leading to the growth of the skin tears treatment market.

Since one of the main concerns of the skin tears treatment market is the lack of knowledge about skin tears and their treatment. Many companies offer free online programs that are open to both healthcare professionals and the general public. Thus, the development of educational programs by companies not only increases the awareness of skin tears but also can be used as a tool for marketing their products.

Driven by this, sales of skin tears treatment are expected to rise at a 3.5% CAGR through 2029.

How The Market Progressed Till June 2022?

Particulars	Details
H1, 2021	3.29%
H1, 2022 Projected	3.54%
H1, 2022 Outlook	3.44%
BPS Change - H1, 2022 (O) - H1, 2022 (P)	(-) 10 ↓
BPS Change - H1, 2022 (O) - H1, 2021	(+) 15 ↑

According to Future Market Insights Analysis, the global skin tears treatment market is expected to observe a surge in the Basis Point Share (BPS) value by nearly 15 units in H1- 2022 (O) as compared to H1-2021. However, when comparing the growth rate for the H1-2022 projected period and the H1-2022 outlook period, a decline in the growth rate by 10 BPS has been observed.

This is majorly due to the greater prevalence of chronic wounds, pressure ulcers, obesity, foot ulcers, and venous ulcers. The rising burden of wound incidence owed to these factors contributes majorly to this increase in the BPS value.

The dearth of investigations into the risk factors which lead to skin tears, which represent a common condition of traumatic wounds, is associated with a restrictive outlook in terms of its impact on the overall skin tears treatment market. The market growth is subject to changes associated with industry dynamics, and influential factors such as the volume of disease burden, globally.

The introduction of advanced hydrogels as dressings for wound care, utilization of natural sources for hydrogel production, reinforcement of hydrogels with the incorporation of nanoparticles, and deployment of smart hydrogels are some advancements in the skin tears treatment market and are marked as recent key developmental factors for the industry

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2014 to 2021 Skin Tears Treatment Market Demand Outlook Compared to 2022 to 2029 Forecast

Sales of skin tears treatment grew at a CAGR of 2.3% between 2014 and 2021.

The primary factors boosting the skin tears treatment market growth are the growing incidence of acute injuries and wounds, and the inclination towards advanced skin tears therapy.

Efforts to reduce the period of hospital stay so as to decrease surgical healthcare costs and the increasing inclination toward products that improve therapeutic results are other factors adding to the growth of the skin tears treatment market.

In addition, healthcare facilities are concentrating on conducting various educational programs to increase awareness amongst healthcare professionals regarding skin tear management. Moreover, government initiatives, a growing aging population, technological advancements, and a pressing demand for safer and rapid treatment of chronic and acute wounds are fueling the skin tears therapy market. Also, the capability of these dressings to be utilized as primary or secondary dressings for accidents or other serious incidences is anticipated to support their adoption.

Considering this, FMI expects the global skin tears treatment market to grow at a CAGR of 3.5% through 2029.

Which Factors Are Restraining Demand for Skin Tears Treatment?

The high cost of skin tear dressing and the dearth of skilled professionals are the major factors hampering the growth of the market. Traditional wound care dressings are economical in comparison. But, these products have lower therapeutic efficacy when compared with advanced wound care dressings used for skin tears treatment.

This is particularly true for emerging nations where expenditure for wound care is low, and awareness regarding skin tears is also low. The preference for traditional wound care products over skin tears treatment products still continues to grow in these regions which might hamper the market growth in the future.

Low awareness about the available treatment preferences for skin tear and the different modalities of treatment available in the market are factors likely to reduce the demand for these products. Another important factor restraining the skin tears treatment market includes the associated slow penetration rate due to the lack of availability of favorable reimbursement policies for skin tear treatment.

In various countries, skin tears are still identified and termed as skin lacerations and accordingly the treatment is provided. The lack of clarity has an effect on the reimbursement of the products since they are not classified under a separate category in many countries including India, China, and similar developing countries.

All these factors are bound to hamper the market growth during the forecast period if not addressed properly and very soon.

Country-wise Insights

What Makes the USA a Large Market for Skin Tears Treatment?

The USA is estimated to account for around 91.0% of the North American skin tears treatment market in 2022.

USA dominates the skin tears treatment market owing to the growing incidence of chronic as well as acute wounds, the increase in the aging population, and favorable reimbursement policies. The healthcare business in the USA is one of the most mature and flourished markets, in terms of product availability and innovations.

Obesity, diabetes, and other chronic diseases are a few factors adding to the increasing incidence of chronic wounds. A study carried out by the WHS (Wound Healing Society), in the United States of America, showed that around 8.2 million patients had wounds with or without infection in the United States during 2018.

Why is Germany Considered a Lucrative Skin Tears Treatment Market?

Germany is estimated to account for 20.9% of the Europe skin tears treatment market in 2022.

The development of the market in Germany is owing to increasing cases of diabetic foot ulcers, rising government initiatives to increase awareness regarding available treatment options, and growing healthcare spending in the country. Germany is expected to show significant growth in the skin tears treatment market owing to growing awareness among people regarding skin tears. For instance, the European Wound Management Association has lately published a short-course program on skin diseases teaching people via several campaigns, which is boosting the market in Germany.

What are the Factors Fueling the Demand for Skin Tears Treatment in China?

The skin tears treatment market in China is estimated to be worth USD 34.5 Million in 2022 in the global market.

In China, the skin tears treatment market is mainly driven by the growing geriatric population, the increasing number of local players, and growing technological advancements.

According to the latest report on the geriatric population, in 2020, around 264 million people are over 60 years of age and around 191 million people are over 65 years of age. The old age population is more susceptible to chronic wounds and serious injuries which are leading to the growth of the market in China. Also, the wound healing process in elderly people is slower than in other age groups, which increases the demand for rapid wound care thus leading to the growth of the market.

How will the Skin Tears Treatment Market Expand across India?

Demand for skin tears treatment in India is expected to rise at around 4.8% CAGR over the forecast period.

India is anticipated to grow at an impressive rate due to the surging number of road accident injuries, improving healthcare infrastructure, and growing new product launches. Road accidents lead to acute to severe wounds which require immediate care that are expected to add to the market growth in India.

For instance, as per the NCRB (National Crime Records Bureau) data, road mishaps in India left around 442,996 people injured and about 181,113 people dead in 2019. Therefore, the skin tears treatment market is in high demand in India.

Category-wise Insights

Demand for Moisture-retentive Dressing to continue gaining Traction

By Product, moisture-retentive dressing is anticipated to hold the maximum share of 53.8% in 2022, expanding at a rate of nearly 2.6% during the forecast period.

Skin tears treatment grounded on moisture-retentive advance wound dressing, particularly foam dressing, observes higher demand in comparison to other dressing counterparts. It allows fast epithelialization, reduces infection, fibrosis, and, pain, and yields improved results. Hydrogel dressings are the most broadly adopted methods of wound dressing.

Made of approximately 90% water, hydrogels offer sufficient moisture that can boost healing time Furthermore, the capacity of these dressings to be utilized as primary or secondary for accidents or other serious injuries is anticipated to surge their adoption.

Why Type 1 Skin Tear will hold the most of the market share?

By type of skin tear, type 1 skin tear will lead the market and is projected to account for 38.0% of the total market revenue share in 2022.

Type 1 Skin Tear is a type of wound where there is no permanent loss of skin. In most cases, the wounds due to chronic diseases or road accident injuries are not permanent and do not lead to severe injuries and no skin loss. These can be easily treated by wound dressings and hence lead to an increase in demand for the skin tears treatment market.

Why Retail Pharmacies projected maximum Growth in the Skin Tears Treatment Market?

By distribution channel, the retail pharmacies segment is anticipated to hold the maximum share of 34.8% in 2022, expanding at a rapid rate of 4.1% CAGR during the forecast period.

The growing demand for faster treatment and ease of accessibility to advanced products is leading to the growing market share of retail pharmacies. Factors such as passing advantages to patients and consumers, technology-driven pharmacies, increase in market profits and share and economies of scale increase the patient preference towards retail pharmacies. Moreover, to prevent surgeries, patients move towards medical treatment which increases opportunities for the market.

Competitive Landscape

Companies operating in the skin tears treatment market are competitive by nature, with a presence of few players. These players are involved in a number of strategic alliances. The product launch and acquisition accelerate the manufacturer’s strategy to capitalize on the market share and capture a significant share of the market. Some of the recent instances include:

• In March 2021, Smith Nephew, a key player in wound care, announced the findings of a real-world study conducted in Spain, which demonstrated how switching to ALLEVYN LIFE Foam Dressings helped clinicians and patients in a community setting reduce dressing change frequency and costs while improving treatment satisfaction.

Scope Of The Report

Attribute	Details
Forecast Period	2014 to 2021
Historical Data Available for	2022 to 2029
Market Analysis	USD Million for Value
Key Countries Covered	USA, Canada, Brazil, Mexico, Germany, United Kingdom, France, Italy, Spain, BENELUX, Russia, China, Japan, South Korea, India, Thailand, Malaysia, Indonesia, Australia, New Zealand, GCC Countries, South Africa, Northern Africa
Key Segments Covered	Product, Type of Skin Tear, Distribution Channel, and Region
Key Companies Profiled	3M Health Care; ACell, Inc.; BSN Medical GmbH (Essity AB); Cardinal Health, Inc.; Coloplast A/S; ConvaTec Group Plc; Covalon Technologies Ltd.; Medline Industries, Inc.; Mölnlycke Health Care AB; Smith and Nephew Plc; Hollister Inc; Avery Dennison Corporation; Geistlich Pharma AG; Richardson Healthcare Ltd; Stedical Scientific; Anika Therapeutics, Inc.
Report Coverage	Market Forecast, Competition Intelligence, Drivers, Restraints, Opportunities and Threat Analysis, Market Dynamics and Challenges, Strategic Growth Initiatives
Customization & Pricing	Available upon Request

Skin Tears Treatment Market By Category

By Product:

• Moisture-retentive Dressing
  • Mesh Dressing
  • Foam Dressing
  • Hydrogel Dressing
  • Silicone Dressing
  • Alginate Dressing
  • Acrylic Dressing
  • Hydrocolloid Dressing
  • Hydrofiber Dressing
• Dressing Adhesives & Fixators
  • Adhesive Fixation Products
  • Non-Adhesive Fixation Products
• Barrier Films
• Hyaluronic Acid Wound Devices
• Contact Layer Dressing
• 2-Octyl Cyanoacrolate Topical Bandages
• Gels & Cream
• Skin Closure Strips

By Type of Skin Tear:

• Type 1 Skin Tear
• Type 2 Skin Tear
• Type 3 Skin Tear

By Distribution Channel:

• Hospital Pharmacies
• Retail Pharmacies
• Specialty Pharmacies
• Mail Order Pharmacies

By Region:

• North America
• Latin America
• Europe
• South Asia
• East Asia
• Oceania
• Middle East and Africa (MEA)

Frequently Asked Questions

How much is the Skin Tears Treatment market currently worth?

The global skin tears treatment market is worth USD 433.5 Million in 2021 and is set to expand 1.3X over the forecasted years owing to the rising number of chronic wounds and rising awareness regarding available treatment options.

What was last 5 year market CAGR?

The sales of skin tears treatment in the market have grown at a CAGR of nearly 2.3% between 2014 and 2021. The need for skin tears treatment is growing because of increasing awareness among patients and physicians about the benefits related to the adoption of advanced wound care over the current conventional method of handling skin injuries.

What will be demand outlook/sales forecast of Skin Tears Treatment market?

The skin tears treatment market is expected to reach USD 569.4 Million by the end of 2029 with sales revenue expected to register a CAGR of 3.5% over the forecast period.

Which is the most lucrative market for Skin Tears Treatment market?

North America is estimated to hold the highest market share of nearly 28.1% of 2022 of the global market share in the skin tears treatment market with the USA being the leading contributor with a market value of over USD 114.2 Million in 2022.

At what percentage Skin Tears Treatment market is expected to register growth in Europe?

The demand for the skin tears treatment market is expected to register growth in Europe at a rate of 3.2% CAGR during the forecast period.

How likely is the Skin Tears Treatment market to grow in China?

The Skin tears treatment in China is likely to observe growth with an impressive CAGR of 6.3% during the forecast period. The market in China is driven by the growing geriatric population, the increasing number of local players, and growing technological advancements.

What are key trends driving sales of Skin Tears Treatment?

Advanced wound healing therapies, rising efforts for increasing awareness, and advancements in technology are key trends driving sales of the skin tears treatment market across the globe.

What are the key market statistics in South Korea and Japan?

Japan’s Skin Tears Treatment market is offering lucrative growth opportunities and is expected to exhibit healthy growth of 3.2% CAGR during the forecast period. The South Korean market is expected to exhibit healthy growth of 2.8% CAGR during the forecast period.

What are the top 5 countries driving demand for Skin Tears Treatment market?

The USA, China, Brazil, Germany, and India are the top 5 countries that are driving the demand for the skin tears treatment market.

Which are leading companies of Skin Tears Treatment market?

Leading companies of skin tears treatment are 3M Health Care, ACell, Inc., BSN Medical GmbH (Essity AB), Cardinal Health, Inc., Coloplast A/S, ConvaTec Group Plc, Covalon Technologies Ltd., Medline Industries, Inc., Mölnlycke Health Care AB, Smith and Nephew Plc, Hollister Inc., Avery Dennison Corporation, Geistlich Pharma AG, Richardson Healthcare Ltd, Stedical Scientific, and Anika Therapeutics, Inc.